Date approved or revised 3/14/2016
Angelina College
Business Division
POFT 1321.001 – Business Math
Instructional Syllabus
Fall 2015
I.
BASIC COURSE INFORMATION
A. Course Description:
POFT1321 Business Math. Three hours credit. Fundamentals of
business mathematics including analytical and critical thinking. Three hours
lecture each week.
Learning Outcomes: Solve business math problems.
B. Intended Audience:
This course is designed for freshmen or sophomore level students wishing to
improve their understanding of applying mathematical procedures to common
business problems and to those students seeking the following
degrees/certificates: Certificate in General Business of Office Administration;
Associates of Applied Science degrees in General Business, Accounting, and
Office Administration.
C. Instructor:
Name:
Office Location:
Office Hours:
Phone:
E-mail Address:
II.
Gaylon Wright
Business Building, B102J
TR 9:00-9:30 AM, 30 minutes before and after
Tuesday PM classes by appointment.
936-633-5303
Fax: 633-5498
gwright@angelina.edu
INTENDED STUDENT OUTCOMES:
A. Core Objectives Required for this Course
1. Critical Thinking: to include creative thinking, innovation, inquiry, and
analysis, evaluation and synthesis of information
2. Communication: to include effective development, interpretation and
expression of ideas through written, oral and visual communication
3. Empirical and Quantitative Skills: to include the manipulation and
analysis of numerical data or observable facts resulting in informed
conclusions.
4. Teamwork: to include the ability to consider different points of view and to
work effectively with others to support a shared purpose or goal.
B. Course Learning Outcomes for all Sections –
Upon successful completion of this course, students will:
1. Perform conversions of decimals, percentages, and fractions
2. Solve problems using the “portion” formula
3. Explain and perform simple banking transactions including reconciliations
4. Explain trade and cash discounts
5. Define and explain credit and transportation terms
6. Calculate markups and markdowns
7. Understand and prepare various payroll transactions
8. Demonstrate ability to utilize and calculate various interest formulas
9. Compute finance charges for different business scenarios
10. Understand structure of promissory and simple discount notes
11. Compound Interest – Present value of a dollar.
12. Mortgage Interest.
13. Calculate the mean, median and analyze/graph business statistics
III.
ASSESSMENT MEASURES
A. Assessments for the Core Objectives
1. Critical Thinking: these skills are taught through lecture, outside
reading assignments, and active participation in class discussion. Critical
thinking is acquired through inquiry, analysis, evaluation, and synthesis of
information. Students develop this skill in order to understand and apply
business math concepts and theories. Critical thinking skills are
demonstrated through embedded questions on exams, quizzes, assigned
homework, and interactive class discussion problems.
2. Communication: students develop and use their communications skills
by relating their understanding of various business math concepts through
class participation in discussions and written assignments. Students
develop a working vocabulary of mathematical and numerical terms in
order to communicate conclusions and theories. Students display
communications skills in interactive class discussion (oral).
3. Empirical and Quantitative Skills: these skills are acquired through a
series of instructor-led lectures, reading assignments, and class
participation. Economic concepts presented in empirical and quantitative
problems help students understand real world problems, such as bank
statement reconciliation, solving problems with an unknown variable,
trade, cash discounts and credit terms in invoicing, retail cost markups
based on cost or price concepts and produce/service markdowns, payroll
calculations, simple interest and discount interest calculations, and
compound interest. Students will display their use of empirical and
quantitative skills in answering embedded questions on written exams and
homework assigned.
4. Teamwork: students will work as a team to analyze a given
mathematical term and how it relates to a company of their choice. This
analysis will be completed, documented, and submitted to the instructor
for review. The students; performances of this specific learning activity will
be assessed through oral presentations.
B. Assessments for Core Learning Outcomes –
Rubrics developed by Angelina College for the core objectives:
Communication, Critical Thinking, Empirical and Quantitative Skills, Social
Responsibility, and Personal Responsibility will be used during
assessment of these objectives:
1. Students will demonstrate their knowledge of the business math
concepts and theories through a series of homework/quiz/exam
questions.
2. Students will demonstrate their knowledge of the working vocabulary of
mathematical and numerical terms in order to communicate
conclusions and theories by answering questions in a quiz/exam or
oral presentation format.
3. Students will demonstrate their knowledge of real world problems,
such as bank statement reconciliation, solving problems with an
unknown variable, trade, cash discounts and credit terms in invoicing,
retail cost markups based on cost or price concepts and
produce/service markdowns, payroll calculations, simple interest and
discount interest calculations, and compound interest. Students will
display their use of empirical and quantitative skills in written exams
and homework assigned, through a series of questions on oral
presentations, chapter homework problems/quizzes, and major
exams.
IV.
V.
INSTRUCTIONAL PROCEDURES:
Methodologies common to all sections
1. Lecture
2. Class discussion
3. Marker Board
4. Supervised in-class activities
5. Out of Class Assignments
6. Individualized Written or Verbal Feedback
COURSE REQUIREMENTS AND POLICIES:
A. Required Textbooks, Materials, and Equipment Text - Practical Business Math Procedures, Brief 11th Ed., Jeffrey Slater
ISBN 978-0-07-753393-9
Notebook/paper
Handheld calculator
Pen/Pencil
B. Course Policies – (This course conforms to the policies of Angelina
College as stated in the Angelina College Handbook.)
Academic Assistance – If you have a disability (as cited in Section 504
of the Rehabilitation Act of 1973 or Title II of the Americans with
Disabilities Act of 1990) that may affect your participation in this class, you
should see Karen Bowser, Room 208 of the Student Center. At a postsecondary institution, you must self-identify as a person with a disability;
Ms. Bowser will assist you with the necessary information to do so. To
report any complaints of discrimination related to disability, you should
contact Dr. Patricia McKenzie, Administration Building, Room 105 or 936633-5201.
Discrimination – Angelina College admits students without regard for
race, color, creed, sex, national origin, age, religion, or disability. Inquiries
concerning sex equality, disability, or age should be directed to Dr.
Patricia McKenzie (936) 633-5201, Angelina College Administration
Building, Room A105.
Attendance – ATTEND the CLASS whether is it in a face-to-face,
traditional classroom setting or through on-line participation (logging into
and completing the activities, i.e. Discussion, Assignment,
Assessment). The course material is cumulative and homework
assignments must be completed sequentially in order for the student to
derive the greatest benefit from the course. Students must attend all
classes. With respect to official school functions and religious holidays, the
Angelina College Catalog and Student Handbook policies will be followed.
Student Conduct – An environment conducive to learning will be
appreciated. Being courteous and respectful toward others in class as
well as to the instructor will create a positive atmosphere. During lectures,
refrain from eating, drinking, sleeping, or engaging in distracting
conversation. According to Angelina College policy, cheating and/or
plagiarism will not be tolerated. Official class withdrawal forms must be
turned in. Instructor may drop you from this class for non-attendance in
accordance with AC attendance policies outlined in the General Bulletin.
Additional Policies Established by the Individual Instructor – The last
day to drop with a “W” is November 9. Incompletes (I) are not given
unless approved by the instructor and are subject to approval by the Dean
of Instruction. Failure to appropriately withdraw to complete a course
(except as stated above) may result in a final grade of “F”. It is the
student’s responsibility to initiate any drop or withdrawal forms. WP and
WF grades are no longer given by A.C.
Students may not bring children to class. Bringing your children to class
hinders classroom instruction, and the ability of you and your fellow
classmates to learn.
If you feel that you need a tutor, contact the Student Services Office. Also,
if you as a student have special learning needs which should be
accommodated by Angelina College, please contact the Student Services
Office.
VI.
COURSE OUTLINE: Description of the Course Activities, including due
dates, schedules, and deadlines.
POFT1321.001 – Business Math, Fall 2015
Lecture
Aug. 27
Assignment
Course Overview, Introductions
Read Chapters 1 and 2
Chapter 1 - Whole Numbers
And Word Problems
Homework Assignment:
Chapter 1 – All even numbered
Problems 1-20 thru 1-46, Word
Problems 1-48, 1-58 thru 1-74.
Discuss Chapter 1
Chapter 2 - Fractions
Sept. 01
Discuss Chapter 1 & 2
Homework
Chapter 3 - Decimals
03
Homework Assignment:
Chapter 2 – All even numbered
Drill Problems 2-2 thru 2-30,
Word Problems 2-32 thru-54;
Read Chapter 3
Discuss Ch. 3
Chapter 4 - Banking
Homework Assignment:
Chapter 3 – All even numbered
Word Problems 3-62 thru 3-85,
Read Chapter 4
Drill Problem 4-1
All even numbered Drill
Word Problems 4-2 and 4-4,
Word problems 4-6, 4-8, 4-10/12
08
Oct.
Discuss Ch. 4
Homework Assignment:
Study for Exam
10
Exam 1 – Chapters 1, 2, 3, 4
Read Chapter 5
15
Chapter 5- Solving for the Unknown
Homework Assignment:
All even numbered
Problems (Drill Prob.)
5-2 – 5-10 5-18 5-20 5-22
Word problems;
Even 5-12 through 5-32
17
Discuss Chapter 5 homework
Read Chapter 6
22
Chapter 6- Percents
Homework Assignment:
All even numbered
Problems (both Drill and
Word Problems)
6-2 thru 6-50; word prob.
6-52 - 6-60.
24
Lecture Chapter 6- continued
Even word 6-62 thru 6-84
29
Chapter 7- Discounts:
Trade and Cash
01
Lecture Chapter 7- continued
Homework Assignment:
All even numbered
Problems (both Drill and
Word Problems) 7-2 thru
7-20. Word prob. 7-22
thru 7-34.
Even WP 7-36 thru 7-46
06
Exam Review
Homework Assignment:
Study for Exam.
08
Exam 2- Chapters 5, 6, and 7
Read Chapter 8
13
Chapter 8- Markups and Markdowns
Homework Assignment:
All even numbered
Problems (both Drill and
Word Problems)
8-2 thru 8-14, 8-16 thru
8-30.
Lecture
15
Nov.
Dec.
Assignment
Lecture Chapter 8- continue
Discuss Chapter 8 homework
Homework Assignment:
Read Chapter 9
20
Chapter 9- Payroll
Homework Assignment:
All even numbered
Problems (both Drill and
Word Problems)
9-2 through 9-30.
22
Discuss Chapter 9 homework
Chapter 10- Simple Interest
Homework Assignment:
Read Chapter 10;
All even numbered
Problems (both Drill and
10-2 through 10-34.
27
Discuss Chapter 10 homework
29
Exam Review Chpt. 8,9,10
Homework Assignment:
Study for Exam.
03
Exam 3 Chpts. 8,9,10
Read Chpt. 11 and 12
05
Chapter 11- Notes
Both drill and word prob.
1-2 thru 11-16
10
Chapter 11 notes- Continued
12
Chapter 12- Compound Int.
Present Value
17
Discuss Chapter 12
19
Discuss Chapter 15
Homework Assignment:
15-2 thru 15-16; 15-19
24
Chapter 22- Business Statistics
31
Discuss Chapter 22
Homework Assignment:
Even numbered problems
22-2 thru 22-18
02
Student Presentations
07
Student Presentations
Homework Assignment:
Both drill and word prob.
12-2 thru 12-30
09
Student Presentations concluded
13
Review for final Exam Chapters 11,12 & 15
15
FINAL EXAM (Chapters 11,12 & 15) 8:00 a.m. – 10:00 a.m.
The above course schedule is subject to change.
VII.
EVALUATION AND GRADING
A. Grading Criteria
1. Three major exams, an assigned oral presentation, and the final will be
objective. A make-up exam must be scheduled with the instructor within
2 days of the missed exam. The major exams and the final exam are
worth 70% of the overall grade. There is no make-up for the final exam.
2. Final Exam - Failure to take the final exam may result in a failing grade
for the class. Time does not permit a make-up of the final exam.
3. Homework assignments are shown on the attached schedule and are
due at the times given (worth 30% of the overall grade).
4. Read assigned material before coming to class. Pop quizzes may be
given at the discretion of the instructor (counted in “homework” for
grading purposes).
5. Participate in class discussions - ask and answer questions.
6. Taking good notes will help a student study for exams.
B. Determination of Grade (assignment of letter grades)
100-90
A
89-80
B
79-70
C
69-60
D
59-0
F
60-0
The instructor may modify the provisions of the syllabus and
assignment page (Course Outline) to meet individual class needs by
informing the class in advance as to the changes being made.